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  • #2,841
  • Aug 16, 2011 10:10am Aug 16, 2011 10:10am
Quoting Sonofsin5
You have some valid points but I'd like to chime in. "Gaps" in the retail world and gaps in the inter-bank market exist but are viewed differently. When a retail trader thinks about gaps they are referring to the price difference from their Friday close to their Sunday open. This is not a real gap as you pointed out. When a inter-bank trader looks at the price action from Friday eve to Sundays Asian open they do so with an eye to liquidity. They realize that any movement in price during that period is extremely illiquid and that it will take a...
Noted and understood. Thanks!
  • #2,842
  • Aug 16, 2011 11:14am Aug 16, 2011 11:14am
Quoting Sonofsin5
You have some valid points but I'd like to chime in. "Gaps" in the retail world and gaps in the inter-bank market exist but are viewed differently....
Interesting post, thank you.

Regarding USDCHF: I'm still long, but a bit confused about the now three time reversal at 0.7939. I'm tempted to set a more aggressive s/l.
Consensus here seems to be that we'll eventually reach .8 and reverse for good then. But could happen now as well...
Fail better.
  • #2,843
  • Aug 16, 2011 11:23am Aug 16, 2011 11:23am
Quoting LarryDarrell
Interesting post, thank you.

Regarding USDCHF: I'm still long, but a bit confused about the now three time reversal at 0.7939. I'm tempted to set a more aggressive s/l.
Consensus here seems to be that we'll eventually reach .8 and reverse for good then. But could happen now as well...
Okay, problem solved... for now.
Fail better.
  • #2,844
  • Aug 16, 2011 11:33am Aug 16, 2011 11:33am
Quoting mirmidon
And the other thing about GAP, itīs your final decission believe or not, but itīs true that always filled, the point is how long it takes...
indeed the 'gap' level is important; it's a weekly close level.. i shouldn't tell "i don't believe"; wrong words. i KNOW they get filled, after all most brokers close at 5pm EST and that's the weekly close that gets a retest subsequentially from the other side of the 'gap', depending on broker opening time, regardless of when it actually is.

But it's the uncertainty of when.. or more exactly: the extent of adverse move that renders it useless for me. You would have to play very tiny sizes to withstand huge dd from time to time. Knowing it will fill appears to be a nice variable resolved but practically it's of little worth.. i have played with an ea once, trying to find some profitable kind of bracket (stop/limit).. both static and dynamic using daily,weekly ranges.. some primitive trend fitting.. no chance. It behaves just like a standard weekly close when there's no gap at all so i decided to treat them as such.

re usdchf: i have a 'gap' @0.8188 to be filled (July 22nd).. so if i played a long that monday (going for 50 pips), i'd have to swallow >1000 pips dd..? no way. btw that 'gap' hasn't been closed yet. should i at ANY point take a long trade based solely on existence of that 'gap'..? no way.

but if they work for anyone, why not?
MarginTrader All Time Return: na
  • #2,845
  • Edited 12:05pm Aug 16, 2011 11:34am | Edited 12:05pm
Quoting mirmidon
hi, how do you realize your bull position at 0.7770... almost the max low in the movements ???
it was moving average support on H4 chart.

i just play SMA in higher timeframe of H4 & D with SMA of 50, 100, 150, 200, 250. this helps me trade between resistance and support.

u can see my previous short position there i posted chart with my short position i think yesterday.


now the next short at 0.8080 if it reaches there i'll keep a pending short there
  • #2,846
  • Aug 16, 2011 12:08pm Aug 16, 2011 12:08pm
Scalp short @ 7943
  • #2,847
  • Aug 16, 2011 1:02pm Aug 16, 2011 1:02pm
not liking it, out wit +9
Quoting hkkhanus
Scalp short @ 7943
  • #2,848
  • Aug 16, 2011 8:59pm Aug 16, 2011 8:59pm
anyone know what time will SNB come out n make an announcement?
  • #2,849
  • Aug 16, 2011 10:27pm Aug 16, 2011 10:27pm
Quoting Sonofsin5
Your trading against the trend and overall market sentiment, .8000 is definitely on the cards for the next Session if not today's. I am long at 7915 with a tp at .7995.
Out, this thing could go to 81 very easy
  • #2,850
  • Aug 16, 2011 10:58pm Aug 16, 2011 10:58pm
assuming that SNB wants it to be at EURCHF 1.2, and unchanged for EURUSD. then USDCHF should be around 83
  • #2,851
  • Aug 16, 2011 11:36pm Aug 16, 2011 11:36pm
Going for first short at 8150.

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_1.jpg Size: 455 KB
  • #2,852
  • Aug 17, 2011 12:06am Aug 17, 2011 12:06am
so swiss will weaken somemore？？？
  • #2,853
  • Aug 17, 2011 12:10am Aug 17, 2011 12:10am
explain on the impact of the meeting please. fast
  • #2,854
  • Aug 17, 2011 12:12am Aug 17, 2011 12:12am
Quoting MarcPeanut
assuming that SNB wants it to be at EURCHF 1.2, and unchanged for EURUSD. then USDCHF should be around 83
If Eur-Chf is fixed, say 1.2000 - you would be trading more or less USD-CHF. You as an investor looking to safe guard your money, would you keep CHF or USD ?

I would buy CHF --- and will USD go UP?
You know what France and Germany had said on the EU crisis
  • #2,855
  • Aug 17, 2011 12:14am Aug 17, 2011 12:14am
nice moves inbetween SMAs
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 14 KB
  • #2,856
  • Aug 17, 2011 12:15am Aug 17, 2011 12:15am
why sudden drop ??????
  • #2,857
  • Aug 17, 2011 12:18am Aug 17, 2011 12:18am
was it like people expecting something but got crap indeed ?
  • #2,858
  • Aug 17, 2011 12:19am Aug 17, 2011 12:19am
Quoting tankokjian
why sudden drop ??????


SNB's released weapon not agressive enough.
  • #2,859
  • Aug 17, 2011 12:19am Aug 17, 2011 12:19am
Quoting tankokjian
was it like people expecting something but got crap indeed ?
I guess it is that, they had higher expectation from the SNB
  • #2,860
  • Aug 17, 2011 12:23am Aug 17, 2011 12:23am
Quoting highway
SNB's released weapon not agressive enough.

what a disappointment...
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